Dec 11, 2012 4:00pm PST
$1.9 billion to settle u.s. allegations of money laundering. our chief economics correspondent has all the details. >> the largest bank in money- laundering, cartels washed through the bank. it resulted in a $1.9 billion fine, the biggest in u.s. banking history. the american authorities >> the corruption of the financial system by drug traffickers and other criminals, and free evading u.s. sanctions and law. >> they find $7 billion will be transferred between mexico and the u.s.. there were 25,000 transactions involving iran. in $290 million in suspicious traveler's checks were cleared by the bank. in a statement, they said they were story -- sorry for past mistakes. the former chairman was appointed as trade minister for david cameron. he had this to say when the allegations emerged in july. >> there were failures of the implementation, they expressed regret for that. it is a company i am proud to have worked for. >> they are not the only british bank to run these. the accusations of sanctions violations. other leading european banks have also in recent years reached settlements
Dec 13, 2012 4:00pm PST
, which means it is a proxy battle field in their cold war. the u.s. faces a fleet here. all of that puts the bahrainis deeply inside the middle east pressure cooker. >> there are other forces and other people doing things that have deepened what has happened. there are national forces. >> you are saying iran? >> it can be iran. it can be others. and dissemination of sectarianism and hatred. we are doing our best to stop this. >> and bahrain is a barometer for the gulf. if the crisis cannot be solved by the country's politicians, bahrain will export trouble to the region, sharpening sectarianism and, a dangerous competition between the saudis and iran. >> killed a lot that is unresolved. the british government is to pay more than $3 million to in libyan dissident who claims the intelligence agency mi was involved in forcibly sending him back to libya, where he was tortured by the gadhafi's regime. britain said the payment is not when a mission of liability. the security situation in libya has changed since the shock assassination in september of the u.s. ambassadors and others. u.n. ambas
Dec 21, 2012 4:00pm PST
u.s. school would help prevent similar tragedies in the future. the bbc's north america editor reports. >> the church bells tolled out the exact time when a week ago a young man with an assault rifle began his massacre of children. they stood in prayer and in silence in the rain. in a town still numb, the bells tolled 26 times, one for each of the victims of the school. inside the white house, president obama and his staff since silent for a minute. beyond the grave, resolution. in a new video, he has promised he will push for a ban on assault rifles. >> i will do everything in my power as president to advance these efforts. if there's even one thing we can do as a country to protect our children, we have a responsibility to try. >> shame on the nra. >> there are those who blame the national rifle association for consistently, powerful lobbying against gun control. they have been consistently silent until now, and some expected they would seek compromise. none of it. instead, raw fury, blaming video games, the culture. >> we have blood-of films out there like "american psycho,"